Indian Economy -Civil Service Gurukul

05 Nov 2017 14:21

Demographic Dividend

: Demographic dividend occurs when the proportion of working people in the
total population is high because this indicates that more people have the
potential to be productive and contribute to growth of the economy. this period the labour force temporarily grows more rapidly than the population
dependent on it, releasing resources for investment in economic development
and family welfare and resulting in faster per capita income growth.
Join our Guidance progam for Indian economy UPSC prelims and GS paper 3 answer writing practice
For more details contact @cadhananjay

Indian Economy -Civil Service Gurukul

05 Nov 2017 12:19

👆Schedule for GS paper 3 Guidance -that will be started from 16th Nov 2017.✅✅✅✅

Indian Economy -Civil Service Gurukul

05 Nov 2017 10:54

👆Commerce Gurukul will cover GS paper 3 Guidance like this.
Interested person can join.
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Indian Economy -Civil Service Gurukul

05 Nov 2017 06:05

INFRASTRUCTURE INVESTMENT TRUST.

The initial public offering (IPO) for IRB InvIT, India’s first infrastructure investment trust fund has opened for subscription on May 3 and closed on May 5.
What are InvITs?
 InvITs are similar to mutual funds. While mutual funds provide an opportunity to invest in equity stocks, an InvIT allows one to invest in infrastructure projects such as road and power.
How do InvITs work? InvITs raise funds from a large number of investors and directly invest in infrastructure projects or through a special purpose vehicle.Two types of InvITs have been allowed: one, which invests in completed and revenue generation
infrastructure projects;the other, which has the flexibility to invest in completed or under-construction projects.InvITs which invest in completed projects take the route of public offer of its units, while those investing in under construction projects take the route of private placement of units.

What is the structure of InvITs?InvITs are registered as trusts with SEBI and there are four parties — trustee, sponsors, investment manager and project manager.What do InvITs mean for investors? According to SEBI rules, at least 90% of funds collected, after paying for expenses, taxes and repayment of external debt, should be passed on to investors every six months.
Are these investments taxable?Dividend income received by unit holders is tax exempt. Short-term capital gain on sale of units is taxed at 15%, while long-term capital gains are tax exempt. Interest distributed to unit holders is taxed.

Indian Economy -Civil Service Gurukul

05 Nov 2017 05:25

CONCEPT BEHIND SHELL COMPANY AND DORMANT COMPANY
COMMERCE GURUKUL.
The Centre has initiated action against more than two lakh shell companies as part of Operation Clean Money. Separately, the market regulator Securities and Exchange Board of India has identified 331 companies and initiated action against them. Here is all you need to know about shell companies.

What are shell companies?

The Companies Act, 2013 has not defined what a ‘shell company’ is and as to what kind of activities would lead to a company being termed a ‘shell’.

Shell companies are typically corporate entities which do not have any active business operations or significant assets in their possession. The government views them with suspicion as some of them could be used for money laundering, tax evasion and other illegal activities.

Is there a law governing shell companies?

In India, there is no specific law relating to “shell companies.” However, some laws help, to an extent, in curbing illegal activities such as money laundering and can indirectly be used to target shell companies — Benami Transaction (Prohibition) Amendment Act 2016; The Prevention of Money Laundering Act 2002 and The Companies Act, 2013.

Is it easy to strike off a shell company from the records?
companies can be removed from the rolls of the Ministry of Corporate Affairs by two means: strike off by Registrar of Companies (RoC) — (Section 248 (1) of the Companies Act, 2013) and voluntary strike off — (Section 248 (2) of the Companies Act, 2013). Voluntary closure can be done with the approval of the board and shareholders and the firm should have nil liabilities.

What scenarios can lead to a company’s name being struck off by the RoC?

The strike off happens in case of companies which have failed to commence business within a year of incorporation.

Also, in case of companies that are not carrying on any business or operation for a period of two immediately preceding financial years and have not made any application within such period for obtaining the status of a ‘dormant company’ under Section 455 of the Companies Act can be struck off by the RoC unless cause is shown to the contrary.

The RoC issues a show-cause notice to such companies and their directors seeking their response within 30 days. If the response is not satisfactory, the company’s name would be removed from the register.

What is a dormant company?
as per Section 455 of the Companies Act, 2013, a company that does not have significant financial activity or has been inactive can apply to the RoC and obtain the status of a dormant company.

The company shall be a dormant company on the rolls of the RoC until it follows all the provisions of Section 455. If it fails to do so, the RoC shall have powers to strike of their names from the Register of Companies.

What is the difference between dormant and shell companies?

A dormant company gets its title in two ways: it has chosen to get a ‘dormant’ status from the RoC by way of an application and is in compliance of the requirements of Section 455.

Further, in case a company has not filed financial statements or annual returns for two financial years consecutively, the RoC shall issue notice and include it in the register of ‘dormant’ companies. But a shell company is one which is typically suspected of illegal activities.

What are the consequences to be faced by 2 lakh companies?

These companies subject to their respective circumstances would have to make an application before the National Company Law Tribunal for restoration which the NCLT will decide on a case-to-case basis.

Indian Economy -Civil Service Gurukul

04 Nov 2017 08:41

Mains Paper 3: Infrastructure: Energy, Ports, Roads, Airports, Railways etc.
From UPSC’s perspective, the following things are important:

Prelims Level: UMPP, India’s thermal capacity (maps), What are rare earth minerals?

Mains Level: The op-ed links India’s energy issues with NPA stress levels at financial sector. Once you read through the headers of Manufacturing in India and India’s NPA woes, you will get some clarity.

NPA has been in news twice today – “RBI invokes corrective action against IDBI”. Unrelated topics but now that you have the keyword buzzing throughout, revisit the basics of NPA Context:
• SC decided not to allow a revision of the tariff charged by Tata Power Co. Ltd and Adani Power Ltd for their 4,000MW and 4,620MW Mundra ultra-mega power projects (UMPPs)

These projects are based on Indonesian coalThere are serious concerns about the viability of these projects

• A decision by the Indonesian government to link the price of coal exported from the country to a benchmark based on international prices of coal has toppled carefully laid plans
The UMPPs:
• In 2006, it was decided to build UMPPs to take care of India’s crippling power woes

• The allocation process was through a reverse tariff competitive bidding process, and the bid tariff was as low as Rs1.19 and Rs2.26 for domestic and imported coalbased UMPPs • All these years later, only a few of them have been commissioned
Failure of UMPPs:
• One of the reasons for the failure of UMPPs was that when the bids were submitted, coal prices were very low

• Subsequently, prices went up, making the projects unviable

• Contrary to both common sense and international best practice, power purchase agreements (PPAs) with tenures of 25 years were written without a provision for a revision of terms
Thermal power:
• The experience of thermal plants is seemingly being repeated in the case of solar power

• The government has an ambitious programme for adding 60GW of medium- and large-scale grid-connected power plants out of a total capacity addition of 100GW by 2022

• The recent bid conducted by National Thermal Power Corp. Ltd (NTPC) for its 250-MW Kadapa Solar Park in Andhra Pradesh reached an all-time low of Rs3.15/kWh (kilowatt hour)
India’s solar programme:
• India’s solar programme is heavily dependent on
imported solar cells and modules, mainly from China

• In 2015-16, India had imported $2,34 billion worth of cells out of which 83.61% were from China

• China uses predatory pricing and dumps cheap thin film solar cells to capture the Indian market in the absence of any anti-dumping duty imposed by India
Manufacturing in India:
• India lacks a robust manufacturing base for solar components and systems

• It also does not have any infrastructure for raw material production

• The increased reliance on thin film technologies has augmented the dependence on specific elements like “rare earth” metals in which China has a near monopoly

• Under such circumstances, Indian solar project developers may find their projects unviable in the event of currency fluctuations or changes in China’s policy on solar cell and module exports
NPA crisis:
• The global commodities boom of the 2000s led to a bull market for power projects

• Companies raised debt capital, mainly from public sector banks at concessional terms, and external commercial entities, on risky terms, to finance power sector projects that were being tendered out by the government

• This is an important cause of the current NPAs crisis

• Instead of riding the global commodities boom by encouraging public sector banks to lend to private companies, and giving project clearances, the government should be a restraining influence in such circumstances

• Better governance of public sector banks is urgently needed

• In the absence of such measures, despite our best intentions, the experience of thermal power will only be repeated in our solar mission.

Indian Economy -Civil Service Gurukul

04 Nov 2017 04:42

COMMERCE GURUKUL
Bad loans:

Bad loans — or non-performing assets (NPAs) — were 9% of total loans of all Indian banks in September 2016 At public sector banks (PSBs), bad loans were 12% of all advancesAnother 3% of loans in the aggregate (and 4% at PSBs) have been restructuredThe Economic Survey (2016-17) quotes market analysts as saying that 4-5% of loans are bad loans that have not been recognised as suchThus, total stressed assets — NPAs, restructured loans and unrecognised bad loans — would amount to a staggering 16% of all loans and nearly 20% of loans at PSBs

The lending boom:

Today’s bad loan problem has arisen from the lending boom that India’s banks embarked on in the period 2004-08, a period that saw economic growth reach the 9-10% rangeHowever, that by itself did not create a problem of the current magnitudeNPAs, which are 9% of all loans today, were only half that level a year beforeIt is the failure to resolve the bad loan problem over the past several years that has exacerbated the problem

Solution to bad loans:

The best solution to a bad loan problem is to simply grow your way out of it. This can happen in two waysOne, banks keep financing projects that are not making repayments in full and would qualify as NPAsThey do so in the hope that, once growth revives, cash flows in the projects will improveTwo, banks grow their loan portfolio at a brisk rateAs the denominator in the ratio of bad loans to total loans grows, the bad loan problem automatically diminishes in significanceThat’s how India’s banking sector came out of the bad loan problem in the early 2000sRapid growth in the world economy and the Indian economy provided a painless solution

Why isn’t the economy reviving this time?

The “financing” strategy of continuing to make loans to unviable projects has come unstuckSerious policy errors have compounded the problemThe big policy error was the belief among policymakers that bad governance, bad management and even corruption at PSBs were primarily responsible for the problemA committee appointed by the RBI and headed by P.J. Nayak argued as much in a report it submitted in late 2014

Nayak Committee:

The committee seemed to think that majority government ownership of PSBs was the root cause of the bad loan problem as it meant political and bureaucratic interference with commercial decisionsSuch an inference, which has been duly echoed by the media, is patently incorrectAs the Economic Survey of 2016-17 point outs, the bad loan problem is “an economic problem, not a morality play… the vast bulk of the problem has been caused by unexpected changes in the economic environment: timetables, exchange rates, and growth rate assumptions going wrong”In other words, factors extraneous to bank management and governance are primarily responsible for the problem

Plodding towards a solution:

Majority ownership by the government is the primary cause you would focus on reducing government ownership in banks to below 50%The government appointed a Bank Board Bureau (BBB) as suggested by the Nayak committee and tasked it with appointing Chairmen and Managing Directors of PSBsThe BBB was also assigned the role of advising banks on restructuring and raising capitalVery few top appointments have happened. The bad loan problem and recapitalisation of PSBs remain unaddressedThe government cannot distance itself from key decisions on PSBs while being accountable for their performanceCreating the BBB has only added another layer to decision-making and slowed it down

Empowerment and oversight:

There is clarity now that banks must be empowered to resolve the relatively small number of bad loans that account for a big chunk of the total in terms of valueIn many cases, this would mean that banks write off a portion of the loans owed to themManagements at PSBs have been reluctant to do so for fear of inviting action from the Chief Vigilance Commissioner, the Comptroller and Auditor General, the Central Bureau of Investigation and other bodiesThe BBB has constituted a two-person oversight committee but reports suggest

Indian Economy -Civil Service Gurukul

04 Nov 2017 04:06

COMMERCE GURUKUL
Sharpen the Growth

Context:

It is time for policymakers to turn their attention to the major task of accelerating economic growthAs of now the prospects are not encouragingThe Central Statistics Office’s second advanced estimates indicate that the growth rate of GDP for 2016-17 will be 7.1% as against 7.9% in 2015-16The growth rate of gross value added at basic prices in 2016-17 will be 6.7% as against 7.8% in 2015-16The growth rates projected for 2016-17 do not capture the impact of demonetisation, which when taken into account may bring down the projected growth rate by around 0.5%The decline in the growth rate is not a recent phenomenon. It started in 2011-12The persistence of relatively low growth over a five-year period calls for a critical examinationEven though the new numbers on national income give us some comfort, they do not tell the whole story

Determinants of growth:

The growth rate is determined by two factors — the investment rate and the efficiency in the use of capitalAs the Harrod-Domar equation puts it, the growth rate is equal to the investment rate divided by the incremental capital-output ratioThe incremental capital-output ratio (ICOR) is the amount of capital required to produce one unit of outputThe higher the ICOR, the less efficient we are in the use of capital

An analysis of past five years:

As we look at the Indian performance in the last five years, two facts stand outOne is a decline in the investment rate and the second is a rise in ICOR; both of which can only lead to a lower growth rateAs growth was coming down sharply initially, the investment rate was falling only slowly, implying a rising ICOR

What factors effect ICOR?

ICOR is a catch-all expression which is determined by a variety of factors including technology, skill of manpower, managerial competence and also macroeconomic policiesThus delays in the completion of projects, lack of complementary investments in related sectors and the non-availability of critical inputs can all lead to a rise in ICORIn the short run, the biggest gain in terms of growth will be by getting “stalled projects” movingA periodic reporting by the government on the progress of stalled projects will be of great help

Declining investment rate:

India’s investment rate reached a peak in 2007-08 at 38.0% of GDPWith an ICOR of 4, it was not surprising that a high growth rate of close to 9.4% was achievedOne sees a steady decline in the investment rate since thenAccording to the latest estimates, the gross fixed capital formation rate fell to as low as 26.9% in 2016-17With this investment rate, it is simply impossible to achieve a growth rate in the range of 8 to 9%

Why did the investment fall?

In 2011 and 2012, in discussions on the Indian economy, the one phrase that used to be bandied about was “policy paralysis”, pointing to the inability of the government to take policy decisions because of “coalition compulsions”There was a sense of uncertainty created in the minds of investorsThe external environment was also not encouragingThe growth rate of the advanced economies remained low and the recovery from the crisis of 2008 was tepid which had an adverse impact on exportsHowever, India benefited by large capital inflows except in 2013For almost three years beginning 2010, India had to cope with a high level of inflation which also had an adverse impact on investment sentimentOnce the growth rate starts to decline, it sets in motion a vicious cycle of decline in investment and lower growth

Solutions:

The standard prescription, whenever private investment is weak, is to raise public investment which can take a longer term viewIn the best of times, public investment has been 8% of GDPThe Central government’s capital expenditures even after some increase in the last two years, is only 1.8% of GDPAbout 3 to 4% of GDP comes from public sector undertakings and the balance from State governmentsWhat is needed now is for public sector undertakings to come out with an explicit statement indicating the extent of investment they intend to make

Indian Economy -Civil Service Gurukul

03 Nov 2017 18:28

Commerce Gurukul.

Mains Paper 3: Economy | Inclusive growth & issues arising from it.

From UPSC perspective, the following things are important:

Prelims level: International Monetary Fund (IMF), Fiscal Monitor, GDP, Economic Survey, Universal Basic Income

Mains level: Debate surrounding Universal Basic Income

Context

IMF joins in the UBI debate

The International Monetary Fund (IMF) has added its bit to the ongoing debate on Universal Basic Income in India.The latest Fiscal Monitor of the IMF, in its analysis, used fiscal space equivalent to the cost of the public distribution system and energy subsidies in 2011-12It showed that this can finance an annual Universal Basic Income of Rs 2,600 per personIt is equivalent to about 20% of that year’s median per capita consumption, with the estimated cost at about 3% of the gross domestic product (GDP)

UBI: New to India?

The basic idea of Universal Basic Income is not new for IndiaThe erstwhile Planning Commission had worked on it in the early 1960s

Why UBI debate started?

Economists in the Union finance ministry published an excellent chapter on Universal Basic Income in the 2016-17 Economic SurveyA large proportion of the population in India still lives below the poverty line and a number of government programmes providing subsidies and support to the poor are marred by inefficienciesThere are leakages in the system, and often, people who actually need government support are left outUniversal Basic Income is seen by many as an alternative to the existing system of subsidies, which is often associated with systemic inefficiencies

Why can India not opt for Universal Basic Income?

Fiscal capacityThe Economic Survey calculations showed that a 75% universality rate with an annual Universal Basic Income of Rs 7,620 per year at 2016-17 prices will cost about 5% of the GDPEconomists calculated that an inflation-indexed Universal Basic Income of Rs 10,000 at 2014-15 prices—about three-quarters of that year’s poverty line—will cost about 10% of the GDPThinking: It is often assumed that resources can be raised by rationalizing subsidies and capturing a part of the revenue foregone on account of various tax exemptions, including in the personal income taxReality: The revenue forgone in most cases is optical and the result of poor design. In any case, a part of it is now out of the system with the implementation of the goods and services taxFurther, politically, it will be extremely difficult to roll back subsidies in order to create fiscal space for Universal Basic Income

2. Can create distortions in the labour market

A steady, permanent and guaranteed income without any work is likely to affect labour mobility and participationIt is also likely to increase wages, as has been witnessed after the implementation of the Mahatma Gandhi National Rural Employment Guarantee ActProblem: Higher wages without a commensurate increase in productivity will affect India’s competitivenessThis could also have longer-term implications in terms of higher inflation and lower growth

3. Nature of Indian politics

It is highly likely that political parties, in order to improve their chances in elections, would want to increase the amount of Universal Basic IncomeOr try to bring back subsidies in some form or the other, which will have fiscal implicationsIndia still has to prove that it can actually run balanced budgets for an extended periodThe political class always has this temptation to declare premature victories and give away fiscal gains

What India actually needs?

India needs rationalization of subsidies, better targeting and operational efficiencyIt needs to move to cash transfers at an accelerated pace with the use of Jan-Dhan, Aadhaar and mobileThis will help reduce costs and spare resources for capital spending to augment growthAs history has shown, the best way to pull people out of poverty is sustained higher growth.
🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵

Indian Economy -Civil Service Gurukul

03 Nov 2017 09:18

185 Marks from Commerce Gurukul test series

Indian Economy -Civil Service Gurukul

03 Nov 2017 06:48

👆Commerce Gurukul announced for test series of Commerce and Accountancy Optional for UPSC mains 2017 .
Test series will be started from 16th Nov.2017 and completed by 30th December 2017.
For schedule and details
Interested person can contact
At commercegurukulca@gmail.com

Indian Economy -Civil Service Gurukul

03 Nov 2017 03:21

Commerce Gurukul

Mains Paper 3: Economy | Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth

From UPSC perspective, the following things are important:

Prelims level: Not much

Mains level: Issues related to Globalization and Liberalization are specially mentioned in the Mains syllabus. The UPSC is know to ask direct questions on these topics.

News

Context

The article talks about the current situation of industrialization and also discusses about its future.

Changed scenario of Industrialization

Globalization is getting very bad press in industrialized countriesFrom being touted aggressively only 10 years ago as a “win-win” development for all, it is now blamed for these economies’ ills

Future of the Globalisation

Globalization is not dead but it does seem headed for a resetIt was all about freer movement of capital, people and tradeThe movement of private capital continues much as before with two qualifications
(1) First, worries about global financial stability are pervasive
(2) Second, traditional multilateral development banks such as the World Bank and the Asian Development Bank (ADB)enjoy little support

Restricted Movement of people

The movement of people, an important aspect of globalization, was never free, except for the highly educatedEven that is now being restrictedThe US administration is restricting H-1B visas, turning back Mexican migrants, and making work visas for foreign students more difficultNone of this violates any treatyBrexit is an example of repudiating a treaty in order to restrict European immigrationThere is opposition to non-European immigration in many European countries

Withdraw of the US from various trade agreements

The US, once the flagbearer of trade liberalization, is withdrawing from trade agreements agreed earlierSuch as Trans-Pacific Partnership, North American Free Trade Agreement, and the free trade agreement with South KoreaIts commitment to the multilateral trading system is also in question as it has yet to appoint an ambassador to the WTOIt has also not approved replacements to vacant positions in the WTO Dispute Settlement Body, which is one of the most important operational arms of the WTO

What should we do?

The anti-globalization backlash in the West must not be allowed to swamp the recognition that globalization has been good for developing countriesThese countries have grown faster than the industrialized countries, and increased their share in GDPThat is precisely what inclusive globalization should have deliveredThe big gainers have been Asian countries, led by China, but India is also in this groupWe should therefore push to build support for a new inclusive “Globalization 2.0” which addresses the problems withoutthrowing the baby out with the bathwater

Success of Globalisation

One of the successes of globalization is that private sector flows in the form of FDI and foreign institutional investor (FII) flows have become much more important than flows from the World Bank Group and the ADBIndustrialized countries interpret this to mean that countries like India no longer need the World Bank/ADB This is incorrectThe ADB has recently estimated that India needs to spend $4.4 trillion on infrastructure from now to 2030With the present annual level being $120 billion, this implies a huge increase in infrastructure investment over the next decadeand moreThis is only possible if we can attract private investment into infrastructure developmentthrough some form of PPPGroup of 20: The Group of 20 finance ministers recently appointed an Eminent Persons Group under Singapore deputy PM Tharman Shanmugaratnam to make recommendations on reforms of internationalfinancial institutionsWe should urge the group to recommend a major expansion of lending capacity of the World Bank and the ADB to enable them to provide long-term finance for PPP projects in infrastructure 

Need of an open trade policy

We need to remain committed to maintaining an open trade policy and not be distracted by the noise about increased p

Indian Economy -Civil Service Gurukul

02 Nov 2017 13:44

UPSC has changed pattern of asking question, thatswhy, We have prepared notes for students as per upsc pattern
Land reform model question and answer has been send to registered students as per UPSC pattern.

Indian Economy -Civil Service Gurukul

02 Nov 2017 12:02

🏆🏆🏆🏆🏆🏆🏆🏆🏆Commerce and Accountancy Optional best group
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Indian Economy -Civil Service Gurukul

02 Nov 2017 11:08

Land Reform
Land Reform refers to efforts to reform the ownership and regulation of land in India and measures to bring about more effective control and use of land for the benefit of the community as a whole.


Land reforms includes regulation of ownership, operation, leasing, sales, and inheritance of land (indeed, the redistribution of land itself requires legal changes).


The main objective of the land reforms programme is to do away with the existing inequalities in the system of landholding and to increase the agricultural productivity.

The Five Year Plans aimed to remove the impediments for increase in agricultural production and elimination of exploitation and social injustice within the agrarian system so as to achieve equality and providing opportunities for all sections of the rural society
.

Indian Economy -Civil Service Gurukul

05 Nov 2017 14:21

GDP Deflator

It is a measure of the level of prices of all new, domestically produced, final
goods and services in an economy. It is calculated by dividing Nominal GDP/
Real GDP

Indian Economy -Civil Service Gurukul

05 Nov 2017 12:19

👆sample of answer writing practice model question with answer

Indian Economy -Civil Service Gurukul

05 Nov 2017 06:27

Limited Seat is available.
🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .
✅2. All topic with proper guidance will be completed by 31st December 2017.
✅3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
✅4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
✅5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.
✅6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.
✅7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.
✅8.Our notes will help in Essay writing paper also.
✅9.Benefit in terms of Exam Marks
Prelims UPSC - 40 marks (approx)
GS Paper 3 -250 Marks
Essay Paper-250 marks (approx)
Total Exam marks we are covering 500 marks in Civil Services Mains Examination and 40 Marks (approx)-Indian economy in UPSC prelims 2018.

Only registered students will be eligible for guidance . ✅⬇️For registration ...contact at
@cadhananjay or 7678456921
With thanks and best regards
Commece Gurukul
Telegram ID - @cadhananjay
www.commercegurukul.wordpress.com
7678456921.
Mail Id- indianeconomyias@gmail.com

Indian Economy -Civil Service Gurukul

05 Nov 2017 05:44

To get many , join our commerce gurukul guidance.

Indian Economy -Civil Service Gurukul

04 Nov 2017 13:27

Limited Seat is available.
🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .
✅2. All topic with proper guidance will be completed by 31st December 2017.
✅3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
✅4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
✅5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.
✅6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.
✅7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.
✅8.Our notes will help in Essay writing paper also.
✅9.Benefit in terms of Exam Marks
Prelims UPSC - 40 marks (approx)
GS Paper 3 -250 Marks
Essay Paper-250 marks (approx)
Total Exam marks we are covering 500 marks in Civil Services Mains Examination and 40 Marks (approx)-Indian economy in UPSC prelims 2018.

Only registered students will be eligible for guidance . ✅⬇️For registration ...contact at
@cadhananjay or 7678456921
With thanks and best regards
Commece Gurukul
Telegram ID - @cadhananjay
www.commercegurukul.wordpress.com
7678456921.
Mail Id- indianeconomyias@gmail.com

Indian Economy -Civil Service Gurukul

04 Nov 2017 04:42

that the committee will not take a view on write-offsWe need a larger oversight committee or, as the Finance Ministry has proposed, multiple oversight committees to speedily vet loan write-offsIt makes sense to constitute a Loan Resolution Authority by an Act of ParliamentBanks must develop the discipline of keeping thorough minutes of the proceedings related to resolution of bad loansThe rationale for particular decisions along with the pros and cons must be properly articulated. This will serve to give bank management a measure of protection

Role of the government:

The government must provide adequate capital to the banks to cover write-offs and also facilitate fresh loan growthIt must end the delays in appointing Chairmen and Managing Directors of various PSBsIt must also revamp the boards of PSBs by bringing in independent directors of high quality.

The way forward:

Three things need attention First, reforms to simplify procedures, speed up the delivery system and enlarge competition must be pursued vigorouslySome significant steps have been taken in this regard in recent years such as moving forward on the GST Bill, passing of the Bankruptcy Act, and enlarging the scope of foreign direct investmentSecond, all viable “stalled” projects must be brought to completionThird, financial bottlenecks need to be cleared. The banking system is under stress. The non-performing loans of the system have risen and are rising. This has squeezed the profitability of banks with some showing lossMore distressing is the minimal flow of new credit. The problem is often referred to as the twin balance sheet problemIf corporate balance sheets are weak, automatically the banks’ balance sheets also become weakAt least some part of the accumulation of bad debts has been due to the slowdown of the economy. The old saying is “bad loans are sown in good times”Asset restructuring companies are part of the solution.
🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .
✅2. All topic with proper guidance will be completed by 31st December 2017.
✅3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
✅4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
✅5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.
✅6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.
✅7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.
✅8.Our notes will help in Essay writing paper also.
✅9.Benefit in terms of Exam Marks
Prelims UPSC - 40 marks (approx)
GS Paper 3 -250 Marks
Essay Paper-250 marks (approx)
Total Exam marks we are covering 500 marks in Civil Services Mains Examination and 40 Marks (approx)-Indian economy in UPSC prelims 2018.

Only registered students will be eligible for guidance . ✅⬇️For registration ...contact at
@cadhananjay or 7678456921
With thanks and best regards
Commece Gurukul
Telegram ID - @cadhananjay
www.commercegurukul.wordpress.com
7678456921.
Mail Id- indianeconomyias@gmail.com

Indian Economy -Civil Service Gurukul

04 Nov 2017 04:06

during the current fiscalIt is also necessary to enhance private investment, and that too private corporate investmentDuring the high growth phase, corporate investment reached the level of 14% of GDPA recent study shows that the total cost of projects initiated by the corporate sector has come down from ₹5,560 billion in 2009-10 to ₹954 billion in 2015-16

The way forward:

Three things need attention First, reforms to simplify procedures, speed up the delivery system and enlarge competition must be pursued vigorouslySome significant steps have been taken in this regard in recent years such as moving forward on the GST Bill, passing of the Bankruptcy Act, and enlarging the scope of foreign direct investmentSecond, all viable “stalled” projects must be brought to completionThird, financial bottlenecks need to be cleared. The banking system is under stress. The non-performing loans of the system have risen and are rising. This has squeezed the profitability of banks with some showing lossMore distressing is the minimal flow of new credit. The problem is often referred to as the twin balance sheet problemIf corporate balance sheets are weak, automatically the banks’ balance sheets also become weakAt least some part of the accumulation of bad debts has been due to the slowdown of the economy. The old saying is “bad loans are sown in good times”Asset restructuring companies are part of the solution and we have some experience of them

Long-term lending:

We should have institutions focussed on long-term lending such as IDBI and ICICI as they were before 1998Investment, as they say, is an act of faith in the future. If there has to be investment resurgence, it is necessary to create the climate which promotes this faith.
🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .
✅2. All topic with proper guidance will be completed by 31st December 2017.
✅3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
✅4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
✅5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.
✅6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.
✅7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.
✅8.Our notes will help in Essay writing paper also.
✅9.Benefit in terms of Exam Marks
Prelims UPSC - 40 marks (approx)
GS Paper 3 -250 Marks
Essay Paper-250 marks (approx)
Total Exam marks we are covering 500 marks in Civil Services Mains Examination and 40 Marks (approx)-Indian economy in UPSC prelims 2018.

Only registered students will be eligible for guidance . ✅⬇️For registration ...contact at
@cadhananjay or 7678456921
With thanks and best regards
Commece Gurukul
Telegram ID - @cadhananjay
www.commercegurukul.wordpress.com
7678456921.
Mail Id- indianeconomyias@gmail.com

Indian Economy -Civil Service Gurukul

04 Nov 2017 02:33

🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .
✅2. All topic with proper guidance will be completed by 31st December 2017.
✅3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
✅4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
✅5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.
✅6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.
✅7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.
✅8.Our notes will help in Essay writing paper also.
✅9.Benefit in terms of Exam Marks
Prelims UPSC - 40 marks (approx)
GS Paper 3 -250 Marks
Essay Paper-250 marks (approx)
Total Exam marks we are covering 500 marks in Civil Services Mains Examination and 40 Marks (approx)-Indian economy in UPSC prelims 2018.

Only registered students will be eligible for guidance . ✅⬇️For registration ...contact at
@cadhananjay or 7678456921
With thanks and best regards
Commece Gurukul
Telegram ID - @cadhananjay
www.commercegurukul.wordpress.com
7678456921.
Mail Id- indianeconomyias@gmail.com

Indian Economy -Civil Service Gurukul

03 Nov 2017 09:18

✅185 marks direct or indirect question came from Commerce Gurukul Test series in UPSC Commerce Optional Civil services Mains Examination 2017.
Congratulations to Commecrce Gurukul Team , Commerce Gurukul students and all members of this group.😊😄🏆🏆💐💐💐💐💐💐💐💐💐💐💐💐💐💐🎂🎂🍫🍫
To join test series.
Interested person can contact at
Mail Id - commercegurukulca@gmail.com

Telegram id -@commerce1gurukul

www.commercegurukul.wordpress.com

Indian Economy -Civil Service Gurukul

03 Nov 2017 08:32

🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .
✅2. All topic with proper guidance will be completed by 31st December 2017.
✅3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
✅4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
✅5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.
✅6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.
✅7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.
✅8.Our notes will help in Essay writing paper also.
✅9.Benefit in terms of Exam Marks
Prelims UPSC - 40 marks (approx)
GS Paper 3 -250 Marks
Essay Paper-250 marks (approx)
Total Exam marks we are covering 500 marks in Civil Services Mains Examination and 40 Marks (approx)-Indian economy in UPSC prelims 2018.

Only registered students will be eligible for guidance . ✅⬇️For registration ...contact at
@cadhananjay or 7678456921
With thanks and best regards
Commece Gurukul
Telegram ID - @cadhananjay
www.commercegurukul.wordpress.com
7678456921.
Mail Id- indianeconomyias@gmail.com

Indian Economy -Civil Service Gurukul

03 Nov 2017 03:21

rotectionism in the WestIt is unlikely that we will be subjected to significant protectionist actionWe are located in a part of the world that is expected to grow the fastest, and enjoy the fastest growth of trade, and there is no rising tide of protectionism hereOn the contrary, there is a strong push for integration in the form of the Regional Comprehensive Economic Partnership (RCEP)agreement between the Association of Southeast Asian Nations (Asean) and its six partners (Japan, Korea, India, China, Australia and New Zealand)

Issues related to the Globalization 2.0

Globalization 2.0 will pose new problems in tradeIn future trade negotiations, industrialized countries are likely to focus less on tariff reductionsand more on harmonization of standardsEconomic theory does not suggest that unified standardsfor all countries at different levels of per capita income is idealHowever, the pressure to move in this direction will be difficultto resist, especially when it is done to protect the consumerStandards can become a new form of protectionism, since products that don’t meet the standards will be denied access to industrialized country markets

The way forward

There is a lot that government must do in terms of providing infrastructure and a supportive policy environment and we need to do much more of thatGiven our democratic polity, and the pervasive suspicion of crony capitalism, it is doubtful whetherwe can do thisBut there is a lot we can do proactively to do much better in a world of Globalization 2.0.

Indian Economy -Civil Service Gurukul

02 Nov 2017 21:48

✅Recent updates✅
Indian Economy Test will be held based on NCERT for upsc prelims on 10th october from 2 PM to 4 PM
No of Questions will be 100 and Time allowed is 2 hours .
Only registered students is eligible for this coming test.
Nominal Fees is Rs.99 only for this test.
PAYTM no for Paying fees- 9911020626
After making payment , please send payment details to
Indianeconomyias@gmail.com for registration purpose .
Thank and with regards
Commerce Gurukul
www.commercegurukul.wordpress.com
7678456921
TELEGRAM ID @cadhananjay

Indian Economy -Civil Service Gurukul

02 Nov 2017 12:43

Mixed farming is one which crop production is combined with the rearing of livestock. The live stock enterprises are complementary to crop production; so as to provide a balance and productive system of farming.

In mixed farming cow and buffaloes are included with crop production. If farmers are rearing cows, buffaloes, sheep goat, and fisheries with crop cultivation this type of farming is called diversified farming.

Livestock contributed 16% to the income of small farm households as against an average of 14% for all rural households. India has vast livestock resources. Livestock sector contributes 4.11% GDP and 25.6% of total Agriculture GDP.

Indian Economy -Civil Service Gurukul

02 Nov 2017 11:09

👆This is part of our notes on Land Reform, Interested person can join our guidance.

Indian Economy -Civil Service Gurukul

01 Nov 2017 21:22

🏆🏵✅GS paper 3 and Indian Economy UPSC prelims 2018 guidance will be started from 16 November 2017.🏆🏵
✅1. Value added notes will be provided on every topic of GS paper 3 .
✅2. All topic with proper guidance will be completed by 31st December 2017.
✅3. Apart from notes , We will provide model question with answer for every topic of GS paper 3 to improve writing skill.
✅4. We will cover current affairs portion also.We provides currents affairs news till mains 2018.
✅5.Test for UPSC Prelims 2018 will be conducted every month till May 2018.
✅6. All Indian economy query will be resolved through mail or phone within 3 days from asking query.
✅7.Monthly Current affairs gist on Indian economy for UPSC prelims 2018 will be provided to registered students.
✅8.Our notes will help in Essay writing paper also.
✅9.Benefit in terms of Exam Marks
Prelims UPSC - 40 marks (approx)
GS Paper 3 -250 Marks
Essay Paper-250 marks (approx)
Total Exam marks we are covering 500 marks in Civil Services Mains Examination and 40 Marks (approx)-Indian economy in UPSC prelims 2018.

Only registered students will be eligible for guidance . ✅⬇️For registration ...contact at
@cadhananjay or 7678456921
With thanks and best regards
Commece Gurukul
Telegram ID - @cadhananjay
www.commercegurukul.wordpress.com
7678456921.
Mail Id- indianeconomyias@gmail.com